Hopefully someone more knowledgeable will chime in but my first step would be to find out what the actual code was.
Again I'm no expert but I would be leaning towards the electronic coupler in the front of the rear diff. Valve body makes you think transmission but there is no 4WD switching going on there that I know of. The rear drive shaft get's power %100 of the time and the electronic solenoid in the coupler get's more duty cycle signal from the 4WD controller and increasingly powers the rear wheels.
I know the couplers are known for having a bearing issue but maybe under lots of use with a heavy load the solenoid or clutch packs shit the bed.
Again I'm no expert but I would be leaning towards the electronic coupler in the front of the rear diff. Valve body makes you think transmission but there is no 4WD switching going on there that I know of. The rear drive shaft get's power %100 of the time and the electronic solenoid in the coupler get's more duty cycle signal from the 4WD controller and increasingly powers the rear wheels.
I know the couplers are known for having a bearing issue but maybe under lots of use with a heavy load the solenoid or clutch packs shit the bed.